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Generic tax question on capital gains.
How do US capital gains taxes affect ones ROI in a stock?
I buy X amount of shares of US stock Y as an individual. a. I sell stock within that year for an ROI of 11%. What are the tax implications? b. I hold the stock beyond the year i bought it but during that year it shows an ROI of 11%. Any tax implications for that year? Additionally, how do US taxes affect mutual fund turnover within a given year? How does that affect the funds performance? I apologize for my ignorance. If these questions are too vague or general I will specify. If they are nonsensical, please contribute anything helpful or insulting. |
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